UPDATE 1-Zurich Insurance says on track to meet 2019 targets

ZURICH, Dec 5 (Reuters) - Zurich Insurance is on track to achieve its financial targets for the 2017-2019 period, the Swiss insurer said in a statement on Wednesday ahead of its investor day.

"Zurich Insurance Group is fully delivering on its 2017-2019 financial targets, having restored management discipline and efficiency," the company said.

The insurer said it will achieve net savings of $1.1 billion by the end of 2018, in line with its end-2019 target of $1.5 billion.

"We are fully delivering on the financial targets that we set out back in 2016," said Group Chief Executive Officer Mario Greco. "Two years into our strategic cycle we are a very different company from the one we were in 2016."

Greco, brought in from Generali in 2016, has overseen an overhaul at Zurich, promising to make it more efficient and cutting costs.